The possibility of using waqf to finance the Malaysian federal government’s public expenditure

The purpose of this paper is to examine the possibility of using waqf to finance the federal government’s public expenditures in Malaysia. The arguments were based on the primary data gathered from semi-structured interviews with waqf experts. The result shows that waqf can finance the Malaysian f...

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Main Authors:	Azrai Azaimi Ambrose, Azniza Hartini, Aslam, Mohamed, Hanafi, Hanira
Format:	Article
Language:	English
Published:	Department of Southeast Asian Studies, Faculty of Arts and Social Sciences, University of Malaya 2018
Subjects:	HJ1438 Public Finance In Islam
Online Access:	http://irep.iium.edu.my/69118/ http://irep.iium.edu.my/69118/ http://irep.iium.edu.my/69118/ http://irep.iium.edu.my/69118/3/69118%20THE%20POSSIBILITY%20OF%20USING%20WAQF.pdf

id	iium-69118
recordtype	eprints
spelling	iium-691182019-01-10T04:05:36Z http://irep.iium.edu.my/69118/ The possibility of using waqf to finance the Malaysian federal government’s public expenditure Azrai Azaimi Ambrose, Azniza Hartini Aslam, Mohamed Hanafi, Hanira HJ1438 Public Finance In Islam The purpose of this paper is to examine the possibility of using waqf to finance the federal government’s public expenditures in Malaysia. The arguments were based on the primary data gathered from semi-structured interviews with waqf experts. The result shows that waqf can finance the Malaysian federal government’s public expenditure for three reasons; Shari’ah permissibility,there is evidence of implementation in past Muslim economies and political will from the federal government. This study is motivated by Malaysia’s persistent primary deficit, Malaysia’s rising debt to GDP, and the versatile nature of waqf that could address these problems. Due to the exploratory nature of this study, qualitative research was conducted through the employment of semi-structured interviews. The thematic analysis was then performed on the interview transcripts. Literary evidence was also mentioned to ensure the concurrent validity of the mentioned results. The findings of this paper may add to the existing literature on the solutions to the burgeoning government expenditure and debt. Even more so, this article motivates researchers to explore the arising issues stemming from this particular waqf implementation. Department of Southeast Asian Studies, Faculty of Arts and Social Sciences, University of Malaya 2018-12-31 Article PeerReviewed application/pdf en http://irep.iium.edu.my/69118/3/69118%20THE%20POSSIBILITY%20OF%20USING%20WAQF.pdf Azrai Azaimi Ambrose, Azniza Hartini and Aslam, Mohamed and Hanafi, Hanira (2018) The possibility of using waqf to finance the Malaysian federal government’s public expenditure. Journal of Southeast Asian Studies, 23 (2). pp. 89-106. ISSN 1823-4127 E-ISSN 2600-8653 https://jati.um.edu.my/index.php/jati/article/view/15322/9309 10.22452/jati.vol23no2.5.
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HJ1438 Public Finance In Islam
spellingShingle	HJ1438 Public Finance In Islam Azrai Azaimi Ambrose, Azniza Hartini Aslam, Mohamed Hanafi, Hanira The possibility of using waqf to finance the Malaysian federal government’s public expenditure
description	The purpose of this paper is to examine the possibility of using waqf to finance the federal government’s public expenditures in Malaysia. The arguments were based on the primary data gathered from semi-structured interviews with waqf experts. The result shows that waqf can finance the Malaysian federal government’s public expenditure for three reasons; Shari’ah permissibility,there is evidence of implementation in past Muslim economies and political will from the federal government. This study is motivated by Malaysia’s persistent primary deficit, Malaysia’s rising debt to GDP, and the versatile nature of waqf that could address these problems. Due to the exploratory nature of this study, qualitative research was conducted through the employment of semi-structured interviews. The thematic analysis was then performed on the interview transcripts. Literary evidence was also mentioned to ensure the concurrent validity of the mentioned results. The findings of this paper may add to the existing literature on the solutions to the burgeoning government expenditure and debt. Even more so, this article motivates researchers to explore the arising issues stemming from this particular waqf implementation.
format	Article
author	Azrai Azaimi Ambrose, Azniza Hartini Aslam, Mohamed Hanafi, Hanira
author_facet	Azrai Azaimi Ambrose, Azniza Hartini Aslam, Mohamed Hanafi, Hanira
author_sort	Azrai Azaimi Ambrose, Azniza Hartini
title	The possibility of using waqf to finance the Malaysian federal government’s public expenditure
title_short	The possibility of using waqf to finance the Malaysian federal government’s public expenditure
title_full	The possibility of using waqf to finance the Malaysian federal government’s public expenditure
title_fullStr	The possibility of using waqf to finance the Malaysian federal government’s public expenditure
title_full_unstemmed	The possibility of using waqf to finance the Malaysian federal government’s public expenditure
title_sort	possibility of using waqf to finance the malaysian federal government’s public expenditure
publisher	Department of Southeast Asian Studies, Faculty of Arts and Social Sciences, University of Malaya
publishDate	2018
url	http://irep.iium.edu.my/69118/ http://irep.iium.edu.my/69118/ http://irep.iium.edu.my/69118/ http://irep.iium.edu.my/69118/3/69118%20THE%20POSSIBILITY%20OF%20USING%20WAQF.pdf
first_indexed	2023-09-18T21:38:06Z
last_indexed	2023-09-18T21:38:06Z
_version_	1777412956923887616

The possibility of using waqf to finance the Malaysian federal government’s public expenditure

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